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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Albany Molecular Research's quick ratio for the quarter that ended in Jun. 2017 was 0.37.
Albany Molecular Research has a quick ratio of 0.37. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Albany Molecular Research's Quick Ratio or its related term are showing as below:
The historical data trend for Albany Molecular Research's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Albany Molecular Research Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 2.37 | 5.06 | 2.85 | 1.93 | 1.29 |
Albany Molecular Research Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Quick Ratio | Get a 7-Day Free Trial | 1.59 | 1.11 | 1.29 | 1.26 | 0.37 |
For the Biotechnology subindustry, Albany Molecular Research's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Albany Molecular Research's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Albany Molecular Research's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Albany Molecular Research's Quick Ratio for the fiscal year that ended in Dec. 2016 is calculated as
Quick Ratio (A: Dec. 2016 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (392.911 | - | 167.111) | / | 175.518 | |
= | 1.29 |
Albany Molecular Research's Quick Ratio for the quarter that ended in Jun. 2017 is calculated as
Quick Ratio (Q: Jun. 2017 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (403.912 | - | 186.409) | / | 592.659 | |
= | 0.37 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Albany Molecular Research (NAS:AMRI) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Albany Molecular Research's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony J Maddaluna | director | PFIZER INC. ATTN CORPORATE SECRETARY, 235 RAST 42ND STREET, NEW YORK NY 10017 |
Felicia I Ladin | officer: SVP, Treasurer & CFO | 26 CORPORATE CIRCLE, ALBANY NY 12203 |
David H Deming | director | C/O BETTER FOR YOU WELLNESS, INC., 1349 EAST BROAD ST, COLUMBUS OH 43205 |
William S Marth | director, officer: President and CEO | 236 GROVE STREET, WELLESLEY MA 02482 |
Lori M. Henderson | officer: SVP, Secretary & Gen Counsel | MOLDFLOW CORP, 430 BOSTON POST ROAD, WAYLAND MA 01778 |
Una S Ryan | director | 329 HAMMOND STREET, CHESTNUT HILL MA 02467 |
Veronica Gh Jordan | director | C/O ALBANY MOLECULAR RESEARCH, INC., 26 CORPORATE CIRCLE, ALBANY NY 12212-5098 |
Gabriel Leung | director | C/O PERNIX THERAPEUTICS HOLDINGS, INC., 10 NORTH PARK PLACE, SUITE 201, MORRISTOWN NJ 07960 |
Michael A Luther | officer: Senior VP, Discovery Services | 21 CORPORATE CIRCLE, ALBANY NY 12203 |
Mark T Frost | officer: Chief Financial Officer | 21 CORPORATE CIRCLE, PO BOX 15098, ALBANY NY 12033-5098 |
David P Waldek | officer: Chief Financial Officer | ALBANY MOLECULAR RESEARCH INC, 21 CORPORATE CIRCLE PO BOX 15098, ALBANY NY 12212-5098 |
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